NZ food prices gain in July, on more expensive veggies, fruit and meat

Wed, 12 Aug 2015

By Suze Metherell Aug. 13 (BusinessDesk) - New Zealand food prices rose in July, snapping three months of decline, as more expensive fruit, vegetables and meat offset a decline in grocery prices. The food price index rose a seasonally adjusted 0.5 percent in July, after falling 0.8 percent in June, according to Statistics New Zealand. On an annual basis food prices increased 1.2 percent in the year through July. Food prices account for about a fifth of the broader Consumers Price Index, which dropped below the Reserve Bank's 1 percent...

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